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All ADM Blog Posts Tagged 'values' (31)

Since Last Year February Lease Credit Approval Data is up 11%

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals during the month of February were at 66.6%, down from the 70.5% level in January and 73.3% level in December of 2013. February’s rate was the lowest since September of 2013, when the marketplace saw just 62.9% approvals from credit applicants. So far in 2014 the credit approvals rate stands at 68.3%, close to the level Swapalease.com considers “healthy” at 70.0%. Over the last twelve months, the credit…

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Added by John Sternal on March 18, 2014 at 1:20pm — No Comments

Spring Season Is Full Of Activity

Here is this week's Used Car Market Report from Ricky Beggs, Editorial Director of Black Book. Everywhere I turned this past week I was being told of 70% to 80% sales conversions definitely indicating a booming market. One buyer even said the opening bid was many times higher than his planned top bid. And the actual…

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Added by John Sternal on March 10, 2014 at 8:31am — No Comments

Dealers Are Beginning The Spring Buying Season

Here is this week's Used Car Market Report with analysis from Ricky Beggs and Black Book. Judging from the overall comments Black Book received this past week and the ultimate level of adjustments based on the auction results and…

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Added by John Sternal on March 3, 2014 at 9:02am — No Comments

Has The Severe U.S Winter Shifted Car Shoppers Preferences?

Has the winter of 2014 altered what kind of vehicle choices are made by drivers? Swapalease.com, the nation’s largest car lease marketplace, reports a slight change in vehicle preferences this winter, with utility vehicles replacing certain car segments in many locations.



During the previous three winters, a mix of car segments and smaller utility vehicles carried a large percentage of lease…

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Added by John Sternal on February 25, 2014 at 8:04am — No Comments

Tax Season Has Arrived

Hello and welcome to this week’s edition of Beggs on the Used Car Market with data from Black Book. Thanks for tuning in this week and also for the comments we received over the past week about the market activity.…

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Added by John Sternal on February 24, 2014 at 8:45am — No Comments

Is Your Lease In Demand Overseas?



Swapalease.com, the nation’s largest car lease marketplace, believes a growing number of U.S. leases are being taken over for the purpose of getting shipped overseas at the end of term, particularly as fewer lessees and dealers plan to keep the leases because of the changing equity position.

In several European markets, pent-up demand is pushing up local car sales. Exports of U.S. cars have been on the rise, with brands like Ford and Honda showing increasing exports recently. In…

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Added by John Sternal on February 21, 2014 at 6:00am — No Comments

Tax Buying Season May Put a Pause on Expected Used Car Prices Falling

Used car prices are expected to fall -13.5% this year, compared to -12.8% in 2013. However, this rhythm of price drops is expected to take a pause over the next 45-60 days as buyers use their tax rebate checks to purchase used cars, known as the “tax buying season”.

 

If similar patterns follow last year’s trends, keep an eye on the following four segments, which may show price increases in the…

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Added by John Sternal on February 20, 2014 at 8:27am — No Comments

In Seven Weeks For the First Time Cars Are Holding Better Value Than Trucks Are.

Hello and welcome to this week’s edition of Beggs on the Used Car Market, the very latest used car market data provided by Black Book and Ricky Beggs. Well, at least in the southeastern United…

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Added by John Sternal on February 10, 2014 at 12:20pm — No Comments

Car Leases Monthly Payments Are Steadily Decreasing

Swapalease.com, the nation’s largest car lease marketplace, reports that the average monthly payment for a car lease on the road today is $572.42, down from an average of $590.38 back in August. Monthly payments on leases have continued to decline stemming from aggressive lease deals and increased incentives offered on leases since 2012.



Compared with year-ago payments, the Chevrolet Cruze has declined the most among the most popular lease vehicles. The average monthly payment for…

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Added by John Sternal on February 5, 2014 at 10:44am — No Comments

Car Lease Drivers Are Escaping Their Car Leases At A New Record Pace

Swapalease.com, the nation’s largest car lease marketplace, says its customers are escaping their car leases at a new record pace. According to data from December 2013 listings, the average months remaining on cars listed during the month was 22.1, a new record for the 14-year-old marketplace. The previous record was 21.8 months remaining, set back in August 2006 and prior to the recession.



With average lease terms still set at 36 months,…

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Added by John Sternal on January 30, 2014 at 11:50am — 1 Comment

From Auction Results To Finance & Dealer Insight

Here is the latest Used Car Market Report from Ricky Beggs and Black Book. I knew it was going to be a great week when a couple of dealers from Ohio, that were on the same flight and whom I did not know, but who watch this video market blog every week, had one of the flight attendants come to my seat and start asking questions about Black Book. I thought this a little strange but like I tell…

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Added by John Sternal on January 29, 2014 at 6:12am — No Comments

Used Vehicle Prices Entering Tax Buying Season

Here is the latest used car market valuation report from Ricky Beggs and Black Book. The New Year is now in full swing. A non-SEC team has finally been named college football’s national champion. Now we are just a couple of…

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Added by John Sternal on January 20, 2014 at 1:33pm — No Comments

Vehicle Detainment Ends Stonger in 2013

According to Black Book data, used vehicles model years 2008-2012 overall depreciated -1.4% in December, slightly better retention compared to the -1.7% rate in November. Domestic cars depreciated -1.6%; import cars were -1.3%; domestic trucks were -2.0%; and import trucks were -1.0%. Average pre-recession depreciation is historically between -1% and -2% monthly.



For all…

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Added by John Sternal on January 16, 2014 at 8:28am — No Comments

In December Car Lease Credit Approvals Increased Slightly

Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals were up slightly in December (73.3%) compared with November levels (70%). The overall approvals rate on the year finished at 72.7%, compared with a 2012 rate of 65.3%.



Holiday lease shopping from a higher population of well-qualified…

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Added by John Sternal on January 14, 2014 at 7:36am — No Comments

Returning To A full Week Of Movement

Hello and welcome to this week’s Beggs on the Used Car Market Report from Ricky Beggs of Black Book. Although this is the second Monday of 2014, this is the first current market focused report for 2014. For those of you who tuned…

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Added by John Sternal on January 13, 2014 at 10:55am — No Comments

When the Customer Isn’t Right

I write a lot about customer experience, service and retention. With our hyper-competitive industry demanding greater transparency, it will continue to become more important. In a recent article, “…

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Added by Richard Holland on January 9, 2014 at 7:00am — 7 Comments

Rising And Contingency In The Market

 

Welcome to 2014! This is the first of twelve editions of the monthly …

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Added by John Sternal on January 2, 2014 at 8:25am — No Comments

Has Movement, Gives Opportunity, and it's Obtainable

Following is the Used Car Market Report this week from the editors of Black Book. It is hard to believe another year has come and gone. It is exciting to think about what’s ahead within the used market as volumes continue to…

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Added by John Sternal on December 30, 2013 at 8:17am — No Comments

More Stability, Yet Active

Hello and welcome to this week’s edition of Beggs on the Used Car Market. I’m Ricky Beggs, Editorial Director at Black Book. We have completed the final full week of auction and market activity for 2013 as the final two weeks on the…

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Added by John Sternal on December 23, 2013 at 10:49am — No Comments

Wantalease.com Launch Conjoins Dealers With Car Lease Shoppers

A new online marketplace at www.WantALease.com has launched with the promise of helping car dealers connect and engage with car lease shoppers online. Dealers currently offer lease deals through a variety of platforms, but WantAlease.com is the first online marketplace to help them sell new leases to customers locally and in other parts of the U.S.



With WantALease.com, car shoppers throughout the country can…

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Added by John Sternal on December 20, 2013 at 12:23pm — No Comments

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